"The bull case is just a hope, while the bear case is an accounting certainty." Maestro CEO @MarvinDefi doesn't sugarcoat the math. In the latest feature from @Cointelegraph, he breaks down the structural risks facing Strategy’s Bitcoin model as we head into 2026. While others look at the narrative, Marvin looks at the balance sheet 👀

For allocators who want their Bitcoin working without leaving the Bitcoin standard, here’s where the Bitcoin Solver vault stands today. Yield paid in BTC, sourced from solver liquidity. Variable. DM for details. APY shown is historical and variable. Past performance does not guarantee future results. Not an offer, solicitation, or investment advice. Eligibility restrictions apply.

𝐈𝐧 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞 𝐭𝐡𝐢𝐬 𝐰𝐞𝐞𝐤 𝐟𝐨𝐫 @token2049 @MarvinDefi is meeting allocators, miners, and teams building on Bitcoin. If you want to connect on miner-secured credit or institutional BTC yield, DM us.

We’ll be in NYC next week for Bitcoin Treasuries. If you run a treasury, allocate BTC, or finance miners, let’s get coffee. Most of the useful conversations at these things happen off the floor. DM and we’ll find a time.

I am done with this shit. It is over. The state of engineering right now is horrible. It has been half a month since I started a new role at a big company. Nobody knows anything here. The specs, code, tests, PRDs, tickets, resolution of those tickets, reports, etc., everything is made by Claude Code. Nobody on my team likes this. They are being forced to ship as much as they can. I have heard multiple times from higher management that pushing code is not a bottleneck, so why are we slow? People are working 12 to 13 hours a day just to press enter. Nobody is reading anything. Humans in corporate are doing nothing on their own. Everyone, literally everyone, from an L1 to an L7 engineer here is doing the same thing. Talk to Claude. There is no sense of victory. Nobody is resolving bugs. In reality, nobody is thinking anymore. Everything is done by LLMs. It is so soul-sucking. I would not mind it, to be honest, if we were at least given the time to check out the code and see what is going where. But no, the goal is to just ship. No matter what happens.

🚨 TODAY: The SEC issued an order granting temporary, conditional exemptive relief to Tokenized Securities Venues from the definition of “exchange” in the Exchange Act to trade tokenized NMS stock using innovative permissioned automated market makers and liquidity pools.

Mining secures Bitcoin. Bitcoin should finance mining. We published the full Mezzamine docs: how the facilities work, what collateralizes them, how the hedges hold, and how yield is paid. In BTC, end to end. Built to be underwritten. Link 👇 docs.mezzamine.com

𝐓𝐡𝐞 𝐁𝐢𝐭𝐜𝐨𝐢𝐧 𝐔𝐓𝐗𝐎 𝐈𝐧𝐝𝐞𝐱𝐞𝐫 𝐈𝐬 𝐋𝐢𝐯𝐞 First of three. Please share and help spread the word. The production infrastructure that powered our Developer API is now open source for Bitcoin. Same code. Not a stripped-down version. Battle-tested across billions of requests and hundreds of projects. Apache 2.0 licensed. Self-host it, modify it, build on it.